Forum : Buying tax liens on "bad" property?

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Buying tax liens on “bad” property?

UserPost

12:29 pm
April 16, 2009


omboz

Guest

1

People keep saying that you should always see the property first, so if it is a swamp or area that gets flooded once a year, you should avoid buying tax lien, but what else should be on the look out for?

1:04 pm
April 16, 2009


DragonDust

Member

posts 172

2

Environmental hazards
Crime in the area
Code Enforcement issues
Structural issues
Check out the slope of the land – sometimes you can build on it if it’s too steep.

1:07 pm
April 16, 2009


Josh

Member

posts 158

3

Also find out if the property can be insured – in some cases (like hurricane area or similar) you can't get insurance on the property, which means that you can't get finance for it either.

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